ICICI Bank Ltd. ADR [NYSE: IBN] plunged by -$0.48 during the normal trading session on Wednesday and reaching a high of $33.55 during the day while it closed the day at $33.3.
ICICI Bank Ltd. ADR stock has also loss -3.23% of its value over the past 7 days. However, IBN stock has declined by -1.42% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.38% and gained 15.79% year-on date.
The market cap for IBN stock reached $118.83 billion, with 3.57 billion shares outstanding and 3.57 billion shares in the current float. Compared to the average trading volume of 4.66M shares, IBN reached a trading volume of 4866842 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about ICICI Bank Ltd. ADR [IBN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBN shares is $38.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IBN stock is a recommendation set at 1.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for ICICI Bank Ltd. ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 14, 2020. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on January 16, 2018, representing the official price target for ICICI Bank Ltd. ADR stock.
IBN stock trade performance evaluation
ICICI Bank Ltd. ADR [IBN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.23. With this latest performance, IBN shares dropped by -1.01% in over the last four-week period, additionally plugging by 15.38% over the last 6 months – not to mention a rise of 11.52% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IBN stock in for the last two-week period is set at 44.40, with the RSI for the last a single of trading hit 0.41, and the three-weeks RSI is set at 0.42 for ICICI Bank Ltd. ADR [IBN]. The present Moving Average for the last 50 days of trading for this stock 33.63, while it was recorded at 33.85 for the last single week of trading, and 31.13 for the last 200 days.
ICICI Bank Ltd. ADR [IBN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and ICICI Bank Ltd. ADR [IBN] shares currently have an operating margin of 25.04%. ICICI Bank Ltd. ADR’s Net Margin is presently recorded at 17.52%.
ICICI Bank Ltd. ADR (IBN) Capital Structure & Debt Analysis
According to recent financial data for ICICI Bank Ltd. ADR. ( IBN), the Return on Equity (ROE) stands at 17.47%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 2.07%, reflecting the company’s efficiency in generating profits from its assets. Additionally, ICICI Bank Ltd. ADR’s Return on Invested Capital (ROIC) is 9.78%, showcasing its effectiveness in deploying capital for earnings.
ICICI Bank Ltd. ADR (IBN) Efficiency & Liquidity Metrics
Based on ICICI Bank Ltd. ADR’s (IBN) latest financial statements, the Debt-to-Equity Ratio is 0.65%, indicating its reliance on debt financing relative to shareholder equity.
ICICI Bank Ltd. ADR (IBN) Efficiency & Liquidity Metrics
Earnings per share (EPS) analysis for ICICI Bank Ltd. ADR [IBN] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IBN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ICICI Bank Ltd. ADR go to 11.95%.
ICICI Bank Ltd. ADR [IBN]: Institutional Ownership
There are presently around $19.14%, or 19.17% of IBN stock, in the hands of institutional investors. The top three institutional holders of IBN stocks are: MORGAN STANLEY with ownership of 56.72 million shares, which is approximately 1.6139%. WCM INVESTMENT MANAGEMENT, LLC, holding 63.57 million shares of the stock with an approximate value of $$1.84 billion in IBN stocks shares; and WCM INVESTMENT MANAGEMENT, LLC, currently with $$1.63 billion in IBN stock with ownership which is approximately 0.8033%.
